The U.S. economy expands for the 121st month breaking its record for the longest economic boom without a recession.
The data was released by the National Bureau of Economic Research showing the longest growth expansion which has taken place from June 2009 to July 2019.
The previous record-breaking expansion took place from March 1991 to March 2001 when the economy grew for a consecutive 120 months.
Since President Trump took office, many of his supporters and even critics have praised him for significant tax cuts and massive deregulation largely attributed to the ongoing economic boom.
Unemployment across minority groups has hit historic lows, and the overall metric remains at a significantly low 3.6%.
Millions of jobs have been created since President Trump took office, hundreds of thousands of which have been added to the manufacturing sector.
“Stocks Cap Best First Half Since 1997” @WSJ Our Country is doing great!
— Donald J. Trump (@realDonaldTrump) July 1, 2019
Millions of Americans are now off of food stamps while economic growth has surpassed 4%.
According to the White House, there are more job vacancies than there are job seekers for the first time in history.
Meanwhile, despite global uncertainty over trade, the U.S. stock market finished the strongest in the first half of the year on Friday since June of 1997.
President Trump took to twitter Monday to tout the progress saying, “Our country is doing great!”